- Qube, the $34 billion London-based quant, has a team of human stockpickers who will start trading on October 1.
- The team is under the purview of former Balyasny executive Stephen Irvine.
- Each analyst will receive a sleeve of capital between $200 and $500 million, several people say.
The humans will launch at Qube on October 1.
The $34 billion quant firm will have its first fundamental analyst team go live next week, two people close to the firm tell Business Insider.
The team is under former Balyasny London office head Stephen Irvine and will have sector-focused analysts managing sleeves of capital. Irvine, who founded and briefly ran Lijaro Asset Management, will manage the overall portfolio atop the analysts, these people said.
Each analyst will run between $200 million and $500 million, depending on their experience, they added.
This group will be Qube’s first foray into internal human stockpicking, joining quant shops such as D.E. Shaw and Engineers Gate, which have expanded into the fundamental space in recent years. Like its quant rival Squarepoint, Qube already has exposure to fundamental stockpickers via external allocations, seeding and investing in dozens of outside funds.
London-based Qube declined to comment.
The firm has hired at least seven analysts this year to join the opening team, as reported by trade publication eFinancialCareers.
They are:
- Iain Simpson, focusing on the consumer sector. He had worked at Barclays before joining the firm.
- Jinesh Patel, focusing on financials. Patel spent a year at Elliott spin-out Cisu before joining Qube and was also previously an analyst at Millennium.
- Raghav Bardalai, focusing on chemicals. He most recently worked at Moore Capital and also spent time at Irvine’s fund, Lijaro.
- Xiaorui Song, focusing on technology, media, and telecommunications. He was previously a vice president at Wells Fargo.
- Nick Nieland, focusing on pharmaceuticals and biotech. The former Olympic javelin thrower was at Rokos and Citi before joining Qube.
- Robert Joynson, focusing on transportation and infrastructure. He was previously a managing director at BNP Paribas.
- William Stone, focusing on industrials. He was previously a partner at Praxis Alpha Partners.